Bill Text: IL SB1996 | 2011-2012 | 97th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Residential Real Property Disclosure Act. Makes a technical change in a Section concerning completion and delivery of the seller's disclosure statement.

Spectrum: Moderate Partisan Bill (Democrat 7-2)

Status: (Passed) 2011-08-23 - Public Act . . . . . . . . . 97-0536 [SB1996 Detail]

Download: Illinois-2011-SB1996-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB1996 Introduced 2/10/2011, by Sen. Michael Noland SYNOPSIS AS INTRODUCED:
765 ILCS 77/20
Amends the Residential Real Property Disclosure Act. Makes a technical change in a Section concerning completion and delivery of the seller's disclosure statement.
LRB097 10234 AJO 50430 b
A BILL FOR
SB1996 LRB097 10234 AJO 50430 b
AN ACT concerning civil law.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Residential Real Property Disclosure Act is
amended by changing Section 20 as follows:
(765 ILCS 77/20)
Sec. 20. A seller of residential real property shall
complete all applicable items in the the disclosure document
described in Section 35 of this Act. The seller shall deliver
to the prospective buyer the written disclosure statement
required by this Act before the signing of a written agreement
by the seller and prospective buyer that would, subject to the
satisfaction of any negotiated contingencies, require the
prospective buyer to accept a transfer of the residential real
property.
(Source: P.A. 88-111.)